The Ghana Investment Promotion Centre (GIPC) is grappling with financial difficulties, leading to delayed salary payments for staff members.
In a questionable turn of events, salaries for February 2024 were only disbursed on April 3, 2024.
This has created challenges for employees with bank loans, who are now facing double deductions for February and March.
The financial strain at the GIPC can be attributed to imprudent decisions made by the CEO, Reginald Yoofi Grant. Despite the center’s financial woes, Grant continues to indulge in luxurious foreign travels, further exacerbating the situation.
To address the salary payment issue, Grant sought financial support from various individuals and institutions, including the Chief of Staff at the Office of the President and the Minister of Finance.
Grant’s tenure as CEO has been marred by controversy, including a contract extension beyond the legal retirement age of 65.
Additionally, the decision to relocate the GIPC’s office to a rented property in Cantonments has raised eyebrows, especially considering the center’s dwindling financial resources.
Moving forward, further investigations will delve into the impact of Grant’s leadership on the GIPC’s financial health and investment initiatives. Stay tuned for more updates on this unfolding story.
Source: Whatsupnewsghana